MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


FTSE loses momentum as sterling recovers

StockMarketWire.com

FTSE loses momentum as sterling recovers

Gains for the pound after Donald Trump struck a more supportive tone for UK PM Theresa May and her Brexit position saw the FTSE limp towards the close on Friday.

Having traded 0.7% higher early on, the index closes out the day up around 0.2% and a fair way short of the highs above 7,700 achieved earlier in the session.

OVERSEAS MARKETS

In the US the Nasdaq index looked to be on course to achieve a new record high with the Dow Jones bubbling around the 25,000 mark amid better-than-expected numbers from US banks.

MID AND LARGE CAP RISERS AND FALLERS

Ryanair gained 0.3% to €15.64 after European regulators approved its proposed acquisition of Laudamotion.

But the budget carrier also claimed that German carrier Lufthansa was attempting to 'destabilise and damage' the Austrian airline. Ryanair called on regulators to intervene to stop Lufthansa's alleged 'anti-competitive' behavior.

Support services group DCC rallied 3.8% to £71.65 on news it had acquired audio-visual products distributors Stampede and Kondor for a combined enterprise value of £110m, while saying first-quarter profit had risen as expected.

Recruitment group Hays jumped 7.7% to 206p after announcing its full-year operating profits would be 'marginally ahead' of market forecasts, buoyed by a strong showing overseas.

Cycling and motoring retailer Halfords gained 0.1% to 355p on news it hired former Waitrose finance director Loraine Woodhouse as its new chief financial officer.

Emerging markets specialist Ashmore Group gained 0.6% to 352.6p, paring more significant gains earlier on, as higher net fund inflows helped soften the blow of a negative investment performance.

Shared workspace provider Workspace Group gained 1.3% to £10.92, even as it experienced a 5% fall in lettings during the first quarter. Customer enquiries, however, rose slightly and the company said it had completed three refurbishment and redevelopment projects in June.

SMALL CAP RISERS AND FALLERS

Micro-cap oil and gas firm Solo Oil responded to news of a farm-out by partner Aminex on its Ruvuma asset in Tanzania in a wider corporate update. The shares were up 8% to 2.43p.

Residential property investor KCR Residential REIT lost 14.8% to 75p as investors reacted to the dilution implied by a £3,1m share placing at 70p.

Story provided by StockMarketWire.com